AI English summary of an SEC filing — figures as filed
Lululemon Athletica LULULululemon Athletica said net revenue for Q1 2025 increased 7% to $2.4 billion, and on a constant dollar basis increased 8%. Diluted earnings per share were $2.60 compared to $2.54 for Q1 2024.
Key points
AI summaryLululemon Athletica said net revenue for Q1 2025 increased 7% to $2.4 billion, and on a constant dollar basis increased 8%. Diluted earnings per share were $2.60 compared to $2.54 for Q1 2024.
The company said comparable sales in the Americas for Q1 decreased 2%, or 1% on a constant dollar basis, and it experienced lower store traffic. The company also explained that the cost of inventory in the United States has increased as a result of tariffs imposed since April 2025.
Lululemon Athletica explained that the increase in gross margin was primarily due to a net increase in product margin of 110 basis points, comprised of an increase of 130 basis points from lower product costs and other factors, as well as an unfavorable impact of foreign currency exchange rates of 20 basis points, partially offset by a net increase in other cost of sales as a percentage of net revenue of 50 basis points.
The company repurchased 1.4 million shares for $434.4 million including commissions and excise taxes during Q1 2025, and 0.8 million shares for $299.5 million including commissions and excise taxes during Q1 2024. It explained that the increase in cash used in financing activities was primarily the result of an increase in stock repurchases.
Key figures
Quarter ended May 4, 2025
- Revenue
- $2.4B
- Operating income
- $439M
- Net income
- $315M
- EPS
- $2.60
- Gross profit
- $1.4B
- Operating cash flow
- −$119M
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Q1 2025 Net Revenue and Diluted Earnings Per Share
Lululemon Athletica said net revenue for Q1 2025 increased 7% to $2.4 billion, and on a constant dollar basis increased 8%. Diluted earnings per share were $2.60 compared to $2.54 for Q1 2024.
Source · Based on the MD&A text of the filing
Americas Comparable Sales Decline and Tariff Impact
The company said comparable sales in the Americas for Q1 decreased 2%, or 1% on a constant dollar basis, and it experienced lower store traffic. The company also explained that the cost of inventory in the United States has increased as a result of tariffs imposed since April 2025.
Source · Based on the MD&A text of the filing
Gross Margin Change Components
Lululemon Athletica explained that the increase in gross margin was primarily due to a net increase in product margin of 110 basis points, comprised of an increase of 130 basis points from lower product costs and other factors, as well as an unfavorable impact of foreign currency exchange rates of 20 basis points, partially offset by a net increase in other cost of sales as a percentage of net revenue of 50 basis points.
Source · Based on the MD&A text of the filing
Share Repurchases and Financing Cash Usage
The company repurchased 1.4 million shares for $434.4 million including commissions and excise taxes during Q1 2025, and 0.8 million shares for $299.5 million including commissions and excise taxes during Q1 2024. It explained that the increase in cash used in financing activities was primarily the result of an increase in stock repurchases.
Source · Based on the MD&A text of the filing
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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